The first U.S.-listed exchange-traded fund (ETF) offering spot exposure to XRP has surpassed $100 million in assets under management (AUM) just one month after its launch, according to issuer REX-Osprey. The ETF, the REX-Osprey XRP ETF (XRPR), has experienced rapid growth since its launch in September. It offers investors direct exposure to XRP, currently the fourth-largest cryptocurrency by market capitalization. Loading... The timing of the milestone is significant. The U.S. Securities and Exchange Commission (SEC) has delayed rulings on at least six other spot XRP ETF applications over a slowdown triggered by the federal government shutdown. With approvals stalled, XRPR has emerged as a de facto benchmark for gauging market interest in the cryptocurrency in the U.S. Meanwhile, the Hashed Nasdaq XRP (XRPH11), the world’s first spot XRP ETF, has accumulated 282 million real (around $52 million) in total assets. Meanwhile, institutional activity around XRP has continued to accelerate. CME Group recently added XRP options to its offerings, following strong demand for its XRP futures. The exchange reported that over 567,000 futures contracts were traded, representing $26.9 billion in notional volume, since launching XRP and micro XRP futures in May. Some firms are now positioning XRP as a strategic asset. Evernorth, a new treasury company with plans to list on Nasdaq, has committed to holding XRP as a core reserve asset.